Bulgaria – Gambling revenue reaches $1.8b in Bulgaria

Analysis of the Center for the Study of Democracy of Bulgaria showed that gambling in the European country has increased in the last 10 years, with revenues rising significantly. In 2017 alone, the gambling industry reached US$1.8 billion.

The study also shows that due to large tax benefits, the taxes paid in 2016 are only US$111 million. The data analysis shows a rapid and aggressive expansion of the gambling industry in Bulgaria.

In 2017, New Gaming SA and National Lottery SA recorded a turnover of US$108 million and US$18.8 million respectively, while the total turnover of the biggest gambling companies from Bozhkov reached US$364 million. After tax, the profit hit US$93 million.

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